• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and Riot: Dispute Over Bitcoin Reserve

user avatar

by Giorgi Kostiuk

a year ago

The Strategic Bitcoin Reserve (SBR) initiative has sparked a dispute between Ripple Labs and Riot Platforms.

Ripple and Riot Platforms Conflict

Pierre Rochard, VP of Research at Riot Platforms, believes Ripple directs its efforts towards political influence to prevent the SBR from being established. He argues that Ripple focuses on protecting XRP rather than supporting Bitcoin.

Ripple's Defense and Accusations

Rochard points out that the real challenge to SBR doesn't come from financial regulators but from Ripple's aggressive lobbying. He suggests that Ripple seeks to control the crypto narrative and advocate for central bank digital currencies on its platform.

Garlinghouse refuted these claims, stating that Ripple's activities advance the potential for establishing a Bitcoin reserve.CITE_W_A

Impact on Crypto Future

Ripple’s defense highlights the complex dynamics surrounding the push for a Bitcoin reserve and its broader implications for the future of crypto. Trump's administration continues to strengthen its presence in the crypto world, appointing pro-crypto individuals to key regulatory positions, aligning with campaign promises.

The situation around creating a Bitcoin reserve reveals complex interrelations among major industry players and their strategic interests.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Analyst Predicts Local Bitcoin Top

chest

Analyst Kaz warns that Bitcoin is nearing a local top and may drop below $60,000.

user avatarRajesh Kumar

Political Uncertainty Surrounds South Korea's Crypto Tax Legislation

chest

Political uncertainty surrounds South Korea's crypto tax legislation as the People Power Party pushes to abolish it.

user avatarMiguel Rodriguez

South Korea's NTS Prepares for Crypto Tax Implementation

chest

The National Tax Service of South Korea has begun preparations to implement a tax on crypto income starting in 2027, following years of delays.

user avatarLuis Flores

Nvidia Stock Predicted to Surge Amid AI Boom

chest

Nvidia's stock is expected to see significant growth over the next decade, driven by the AI sector's expansion.

user avatarArif Mukhtar

HSBC and Anchorpoint Confirm No Stablecoin Launch Yet

chest

HSBC and Anchorpoint have confirmed that they have not launched any stablecoins, despite receiving licenses from the HKMA.

user avatarMaria Gutierrez

Strategy's Bitcoin Accumulation Could Surpass Satoshi Nakamoto

chest

Strategy, led by Michael Saylor, is on track to become the largest single holder of Bitcoin, potentially surpassing Satoshi Nakamoto within two years.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.